Omantel’s Kuwait subsidiary gets $1.3bn offer for Zain Sudan
Published: 03:12 PM,Dec 09,2021 | EDITED : 07:12 PM,Dec 09,2021
Omantel
Omantel has announced that its subsidiary, Zain Telecommunications Kuwait, has received a non-binding offer from Invictus Holding Limited (a subsidiary of Dal Group) for the acquisition of 100 per cent of Zain Sudan and Kuwait Sudanese Holdings for a consideration of $1.3 billion.
“The board of directors has agreed to proceed with the due diligence process to provide the initial approval,” majority government-owned Omantel said in a filing to the Capital Market Authority, noting that the offer does not include Zain South Sudan.
“The board of directors has agreed to proceed with the due diligence process to provide the initial approval,” majority government-owned Omantel said in a filing to the Capital Market Authority, noting that the offer does not include Zain South Sudan.